Math  /  Algebra

QuestionWhat is the balance after 3 years in a savings account with an initial investment of \$1,500 and a 3\% annual compound interest rate?

Studdy Solution
Multiply the result by 1500 to find the final amount: A=1500×1.0927271639.09 A = 1500 \times 1.092727 \approx 1639.09
Solution: The balance after 3 years in the savings account is approximately \$1639.09.

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